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Mr Domenico Fanezzi

Herald Reporter
In  an unprecedented development in Zimbabwe, the head of the IMF mission to Harare Mr Domenico Fanezzi, will share a public platform with the Minister of Finance and Economic Development Patrick Chinamasa in Harare tomorrow. This development marks a new chapter in Zimbabwe’s relations with the multilateral institution whose engagement in the past has been frosty and comes in the wake of a new momentum in the country’s efforts to revive the Zimbabwean economy following the historic agreements to support major infrastructure development projects with China and Russia.

In a clear sign that the Government is committed to re-engaging all its development partners as there has been normalisation of dialogue with the IMF, African Development Bank, the World Bank and the European Bank.

It is against this background that the IMF reopened its country office in July following which the current visit by the IMF mission is not just the usual Article 4 consultations, which are due for a third review, but also involves substantive negotiations on a successor staff monitored policy programme after the expiry of the earlier one.

The breakfast forum, facilitated by Herald Business, will give Minister Chinamasa and Mr Fanezzi a rare public opportunity to constructively interact and engage with the full spectrum of the local business community on the country’s economic future focusing on major economic policies on fiscal and monetary issues.

The forum will be moderated by Busisa Moyo who is the current president of the Confederation of Zimbabwean Industries’ Matabeleland chapter while Dairibord Zimbabwe CEO, Anthony Mandiwanza and former World Bank country manager for Zimbabwe Nginya Mungai and Zimbabwean businessman JR Goddard will be the discussants.

Herald Business has been facilitating these forums in the interest of promoting national efforts for Government and the private sector to engage each other in the spirit of the Zim-Asset.